Jock MKT (Jock Market), the company turning sports into a stock exchange, announced Major League Baseball will be part of their innovative platform starting with MLB’s Opening Day on April 1, 2021. The announcement marks the fifth league on Jock MKT, which allows users to buy and sell shares of NFL, NBA, NHL, PGA Tour and now MLB players in real time for real money.
“Our users have told us Jock MKT is making sports more interesting – and for a sport like MLB that's looking for more ways to engage with fans, I think we offer that perfect second screen type of experience,” said Tyler Carlin, Co-Founder of Jock MKT. “Live trading on Jock MKT gives every pitch and every at bat an opportunity to trade and find value, which should really appeal to the hearts of baseball fans, a sport rooted in stats and analytics. We’re thrilled to now feature all four major U.S. leagues, plus the PGA Tour.”
In an MLB Cash Market, Jock MKT users are able to buy virtual shares of star players like Mike Trout of the Anaheim Angels or Aaron Judge of the New York Yankees on a daily basis. Likewise, users can invest in shares of players with more upside such as a utility infielder or the fifth starter in a five-man rotation.
Prior to each day of MLB games, Jock MKT hosts an IPO stage that concludes minutes before the first pitch. During the IPO, users can bid on shares of players using real cash. When the IPO ends, any Jock MKT user can buy and sell shares with other investors while the games are happening. Users have the option to hold their shares to the end of the night for cash payouts based on fantasy rankings. For a tutorial of how to play, watch this video.
Now approved in 35 states, Jock MKT is one of the fastest growing fantasy sports platforms in the world. Early investors include Isaiah Kacyvenski, a retired eight-year NFL veteran with a Harvard MBA. Kacyvenski is Founding Partner and Managing Director of Will Ventures, an early-stage fund investing at the intersection of sports and technology. Additional investors include Ryan Moore, a current board member of DraftKings and Accomplice founding partner.